A holiday flat in Tenerife

Tenerife is one of the main tourist centres in Spain, receiving millions of visits a year. Its services can be considered excellent, offering the most varied accommodation and activities throughout the island. For that reason, it is considered one of the best places to spend a holiday season. In addition to its beautiful places, its wonderful views and its great weather, Tenerife is a place which gives you a good rental investment.

Puerto de Santiago, Los Gigantes is well known for holiday homes. Puerto de Santiago is located in the urbanization of Los Gigantes, a fisher neighbourhood in which the tourist influence is appreciated, with a small port that is especially active in the tuna harvest in the months of April to November. Just half a kilometre from Puerto de Santiago is Playa de la Arena, one of the best coves on the island, it also enjoys natural protection and adequate services. All this part of the coastline enjoys the highest levels of light on the island and allows you to contemplate unique sunsets which become more attractive due to the proximity of Gomera island.

Thanks to its perfect climate: the island lives mainly from tourism all year long. With an average temperature of 24º degrees (find the yearly weather statistics of any major Spanish city here) more than 5 million tourists land each year on the island to enjoy the clear waters of the Atlantic. Tenerife is also known for its agriculture of bananas and tomatoes. A large majority of its production is exported throughout Europe. Tenerife is a volcanic island and retains many nature trails to enjoy the breathtaking views of the Atlantic.

Know everything on the Canary Islands: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

Live in Tenerife

Many of you want to stay in Europe, for more convenience in terms of language and culture and especially to stay close to your families while combining sun and security, Tenerife offers you all of those. In addition to its historical richness, Tenerife offers a privileged lifestyle for its inhabitants. Indeed, Tenerife is not a tourist cliché: the island has preserved its natural landscapes. The biodiversity and ecosystem of the island are protected, especially two sites that are classified as World Heritage by Unesco: the Teide National Park, ideal for beautiful hikes and the city of San Cristobal de La Laguna. Check for more on that in the article written by howtobuyinSpain.com “10 reasons for buying a property in Spain“. There is also a biosphere reserve on the Anaga massif.

Water sports activities abound kite-surfing, sailing, fishing, and scuba diving but you will find also other activities such as golf and hiking. Many markets are held in the early morning. In February, you will be immersed in the festive atmosphere of the Santa Cruz de Tenerife Carnival, one of the most beautiful carnivals in the world. You will not get bored in Tenerife!

Tenerife sea views

Real estate in Tenerife

Tenerife is a very good alternative to enjoy your retirement on an island offering a calm and unoccupied environment. In terms of real estate, Tenerife experienced the same economic crisis in 2008 as the Iberian Peninsula. Indeed, real estate prices have fallen by more than 25% but are already recovering and have reached almost pre-crisis levels. This is the time to invest in Tenerife if you want to own a pied-a-terre in Spain and enjoy a pleasant climate during the colder winter months in the North. In general, the northern zone of the island remains more competitive than the South, where demand is higher. Indeed, in the North of the island you will find a more urban atmosphere with the capital: renovated apartments and studios, services are close, unlike the South of the island which offers you the most beautiful beaches of fine sand and villas on the edge. It is also common to buy small areas, such as a two-bedroom apartment or a studio and thus achieve a good long-term rental investment.

In order to benefit from affordable prices and housing that meet your search criteria, it is highly recommended to use a real estate property finder who is familiar with the local market and the areas to be targeted but also the pitfalls to avoid.

Santa Cruz Tenerife property prices (March 2022): €1,510/m², +6.5% yr/yr

Transactions for Santa Cruz de Tenerife (December 2021): 11,834 +42%

Please note that the chart is interactive and will include most recent data when those are available.

Read our quarterly report on all the top Spanish real estate markets for more.

Let’s review the property of Puerto de Santiago: A sea-view duplex penthouse in
Puerto de Santiago, Los Gigantes.

A holiday & rental apartment in Santa Cruz de Tenerife

Objective with the property

Rental investment and to enjoy some weeks of the holiday season

Buyer profile

A french couple with two children. They loved this area of Tenerife because there is a microclimate that always has good weather, it rains less than 10 days per year and ¨Los Gigantes¨ is the most charming place in Tenerife. Besides its wonderful cliffs, this is the least pacified area. They also wanted a flat closer to the sea, with sea views, a terrace to spend time with their children and also the option of renting.

Property description

An excellent duplex penthouse is distributed in the following way: on the first floor, there are 2 bedrooms, a bathroom, an American kitchen and a living room which includes a balcony with beautiful sea views. On the second floor is the private rooftop (a solarium which has 65 m2 with a barbecue, wonderful views of the sea, the Gomera island and Los Gigantes Cliffs.
This duplex is located on the 3rd floor and on a plot of 130 m². The building has an elevator. It was delivered in good condition.

Neighbourhood

The property is located in Puerto de Santiago, it is just a few meters from Los Gigantes, Playa Chica and Playa de La Arena. In the area, there are several supermarkets, bars, restaurants, a sports centre, a school, shops, buses, banks, taxis, and so on.

Sea views in Los Gigantes, Tenerife

Budget

The clients had a budget in mind of 200.000€.

Read more on the Canary Islands

We wrote our paper on the Canary Islands a few months ago: Everything you ever wanted to know about the Canary Islands and a few years back we wrote this analysis of the real estate market (prices have been updated in the charts in the meantime): Have a look at the property market in Tenerife, this paper is our most read paper on any Spanish cities. In order to get closer to the market, we asked our independent local property finder, Manuel, to write about his latest activity in the local market. Should you need more information, we will put you in touch with him, he is our local independent partner of howtobuyinSpain.

How do we help you?

When you think about buying a house, a flat or land, you also think about how or where would be the best option to take such an important decision. It is just here where we come to
do our best job which consists of helping you to find what you are looking for, of course taking into account your criteria and taking care of your interests until the end of the
purchase.
Our mission consists of functioning as a bridge to help you to achieve your purposes easily. In this way, we function like advisers, managers or guides who assume the client´s interests as if it was theirs, therefore we are in charge of searching for the specific property related to your request. We become responsible for assisting you with all the situations that might happen during the purchase process and the most important thing, we guarantee that the client feels comfortable, safe and satisfied with all the jobs done along the process.
It is important to add that we will be the translator for our client during the process. Additionally, we help you to get the NIE (This Identity number is demanded to buy a house in Spain), a Spanish bank account and consequently, we also do the name changes for water, electricity and/or gas contracts.

About Manuel, our local independent Property finder in Tenerife

Manuel is a native of Tenerife. He is our local independent partner on the Canary Islands and is active as a property finder since 2016. He is a commercially oriented self-made professional, he vibes for new challenges and is focused on results.

Looking for a property hunter, a lawyer, an architect,… a local expert in Spain? Ask our network of independent local experts directly!

Manuel

Property finder in Tenerife and the Canary Islands

Local independent partner of HTBIS Network

Check the full team of HTBIS or check our independent local partners

The post Property hunting in Tenerife for a Holiday apartment appeared first on How to buy in Spain.

Tenerife is very much in demand right now. We wrote our paper on the Canary Islands a few months ago: Everything you ever wanted to know about the Canary Islands and last year we wrote this analysis of the real estate market (price have been updated in the charts in the meantime): Have a look at the property market in Tenerife, this paper is our most read paper on any Spanish cities. In order to get closer to the market, we asked our independent local property finder, Manuel, to write about his latest activity on the local market. Should you need more information, we will put you in touch with him, he is our local independent partner of howtobuyinSpain.

Tenerife property investment: a Case study of property for sale in Tenerife

Tenerife is the most famous island of the Canary Islands and the one that attracts the most tourists. About 1300 km from the Spanish coast and in front of Morocco, Tenerife is accessible mainly by plane and has two airports: Tenerife North and Tenerife South. This small volcanic rock lost off the coast of Africa offers us an ideal climate all year, where rains are almost non-existent. Indeed, you may have already seen on TV many tourists in winter with their Santa hat bathing in the warm and clear waters of the Canary Islands. It’s a reality and a paradise if you’re dreaming of a year-round sun without getting too far from your family and loved ones. So let’s go to its discovery.

Beach views in Tenerife

The island of Tenerife

Tenerife is an island in Spain, part of the Canary Islands archipelago, located in the Atlantic Ocean. It is the largest island of the archipelago but also of the highest, the Teide constituting the highest point of Spain with 3 718 meters above sea level.

This island is the most populated of Spain, with nearly a million inhabitants, but also the most urbanized and cosmopolitan of the Canary Islands. Santa Cruz de Tenerife located in the North of the island and the largest city and the capital of the province of the same name. It is the capital of the autonomous community of the Canary Islands jointly with Las Palmas de Gran Canaria, capital of the second largest island of the archipelago, the island of Gran Canaria.

Thanks to its perfect climate: the island lives mainly from tourism all year long. With an average temperature of 24º degrees (find the yearly weather statistics of any major Spanish city) more than 5 million tourists land each year on the island to enjoy the clear waters of the Atlantic. Tenerife is also known for its agriculture of bananas and tomatoes. A large majority of its production is exported throughout Europe. Tenerife is a volcanic island and retains many nature trails to enjoy the breathtaking views of the Atlantic.

Know everything on the Canary Islands: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

Live in Tenerife

Many of you want to stay in Europe, for more convenience in terms of currency, language and culture and especially to stay close to their families while combining sun and security, Tenerife offers you all of those. In addition to its historical richness, Tenerife offers a privileged lifestyle for its inhabitants. Indeed, Tenerife is not a tourist cliché: the island has preserved its natural landscapes. The biodiversity and eco-system of the island are protected, especially two sites are classified as World Heritage by Unesco: the Teide National Park, ideal for beautiful hikes and the city of San Cristobal de La Laguna. Check for more on that in the article written by howtobuyinSpain.com “10 reasons for buying a property in Spain“. There is also a biosphere reserve on the Anaga massif.

Water sports activities abound kite-surfing, sailing, fishing, scuba diving but you will find also other activities such as golf and hiking. Many markets are held in the early morning. In February, you will be immersed in the festive atmosphere of the Santa Cruz de Tenerife Carnival, one of the most beautiful carnivals in the world. You will not get bored in Tenerife!

The carnival in Tenerife and beautiful golf course

Real estate in Tenerife

Tenerife is a very good alternative to enjoy your retirement on an island offering a calm and unoccupied environment. In terms of real estate, Tenerife experienced the same economic crisis of 2008 as the Iberian Peninsula. Indeed, real estate prices have fallen by more than 25% but are already recovering and reach almost pre-crisis levels. This is the time to invest in Tenerife if you want to own a pied-a-terre in Spain and enjoy a pleasant climate during the colder winter months in the North. In general, the northern zone of the island remains more competitive with the South, where demand is higher. Indeed, in the North of the island you will find a more urban atmosphere with the capital: renovated apartments and studios, services are close, unlike the South of the island which offers you the most beautiful beaches of fine sand and villas on the edge. It is also common to buy small areas, such as a two bedroom apartment or a studio and thus achieve a good long-term rental investment.

In order to benefit from affordable prices and housing that meet your search criteria, it is highly recommended to use a real estate property finder who is familiar with the local market and the areas to be targeted but also the pitfalls to avoid.

Here are some of our last property finder missions in Tenerife

What is the typical property for sale in Tenerife?

A holiday apartment in Santa Cruz de Tenerife

• Buyer: Enterprise manager from Lyon
• Property: 90 square meters apartment + 15 square meters terrace, with 2 bedrooms and 2 bathrooms
• Neighbourhood: Toscal district, in the city centre of Santa Cruz de Tenerife,
• Goal: Self-usage some weeks per year, rent out rest of year.
• Budget: €200.000

A nice apartment with a community pool and a lot of places to enjoy your holiday

Holiday and investment apartment in Puerto de la Cruz

• Buyer: Teacher from Bruxelles
• Property: 73 square meters apartment + 10 square meters terrace with 2 bedrooms and 1 bathroom
• Neighbourhood: Martinez district, in the city centre of Puerto de la Cruz, 300 meters from the beach
• Goal: Self-usage some weeks per year, rent out rest of year.
• Budget: €145.000

Another apartment within a smaller complex

Retiring in an attached house in Callao Salvaje (Adeje)

• Buyer: A retired couple from Marseille
• Property: Fully furnished and equipped attached house, 135m2, 3 floors, 3 bedrooms and 2 bathrooms, 2 big terraces with sea view in an urbanization with gardens and swimming pool at 500 meters from the beach
• Neighbourhood: in the south of Tenerife, 20 minutes from the airport
• Goal: Self-usage during all year
• Budget: €275.000

A nice independent house with its own pool

If you are looking to buy in Spain, we would suggest that you read our earlier paper on Property hunting: 6 essential reasons for loving your Spanish real estate shopper. This paper is very interesting and gives you some of the important reasons why working with a property hunter is very useful for foreigners looking to buy in Spain. You will find specific samples our independent local partners worked on in Alicante, Valencia, Barcelona and Madrid. If you are looking to buy a property in Madrid, you can read our first “Case study” written on Property hunting in Madrid by our local independent property finder, Pierre. If you are looking to buy a property in Barcelona, you can read our first “Case study” written on Property hunting in Barcelona by our local independent property finder.

About Manuel, our local independent Property finder in Tenerife

Manuel is a native of Tenerife. He is our local independent partner on the Canary Islands and is active as a property finder since 2016. He is a commercially oriented self-made professional, he vibes for new challenges and is focused on results.

Looking for a property hunter, a lawyer, an architect,… a local expert in Spain? Ask our network of independent local experts directly!

Manuel

Property finder in Tenerife and the Canary Islands

Local independent partner of HTBIS Network

Check the full team of HTBIS or check our independent local partners

The post Tenerife property investment: a Case study of property for sale in Tenerife appeared first on How to buy in Spain.

FYI, all our charts are always up to date, but for the up to date comments, check our most recent quarterly update “Quarterly update on the Spanish real estate market“.

Everything you ever wanted to know about the top 20 Spanish Cities real estate markets

Here is a summary of all our resources that we have created in 2017 on the 20 biggest Spanish cities in order to help you be more efficient in your search for your ideal property in Spain. We ended this week our series of 21 papers on all the main Spanish cities with our paper on Castellón. Since March 2017, we wrote 21 specific papers we are very proud of this work!

Have a look at the real estate price evolution for all the 18 Spanish regions since 2005 (€/m²):

As you can see on this chart, Spanish real estate prices (thick orange line) got its lowest price point in early 2014 since the crisis of 2008. Since early 2014, real estate prices are rebounding and reached on average 1530€/m² as of June 2017. If you look at prices in general, yes we can talk again about growth but if you compare those to the levels of 2008 or to European real estate prices, you can still find bargains. Furthermore, you surely noticed that most of the prices are lower than the prices of early 2005, as it is the case for Spain when prices were at 1680€ per square meter.

The market in Spain is divided into two groups since 2014: the regions where prices are increasing again: mainly, Barcelona, Madrid and the Balearic Islands and all the other regions where the prices have stabilized or are increasing modestly.

The five regions with prices above the national average are the Basque Country (2397€/m² as of June 2017), the Community of Madrid (2264€/m² as of June 2017), the Balearic Islands (2208€/m² as of June 2017), Catalonia (1834€/m² as of June 2017) and Ceuta and Melilla (1668€/m² as of June 2017).

It is really easy to buy a property in Spain but, because you are not on the ground, because you don’t know the market and because you need to check your property in order to avoid any nasty surprise, we advise you not to do it alone. We are foreigners and Spanish residents who bought properties in Spain and we developed a network of reliable partners in order to assist foreigners in their purchases of a Spanish property.

Don’t forget, if you are buying in Spain as a foreigner, you could have two different motives:

• Pleasure
• Investment

or the two combined. Depending on what is (are) your own motivation (s) your criteria will be different.

90% of foreigners are looking for beaches, sea and sun…

Rember our infographic on why people are buying a property in Spain:

So it’s not a surprise to have as the top 4 buying destinations Cities in Spain for foreigners: Alicante, Malaga, Barcelona and Madrid (the exception, but yes it’s the capital and the 3rd biggest city in Europe).

The top Regions where foreigners are buying real estate are the Valencian Community, Andalucia, Catalonia and the Canary and the Balearic Islands. Madrid is the last Region. Have a look at our infographic with the data of 2016. Foreigners bought 77500 properties, i.e. 17% of all the transactions that took place in Spain during the last year.

After those quick reminders on the Spanish market, let’s finally get to the core of our paper: find all resources sorted per city with the evolution of the price per square meter of all the different cities for the last 20 years!

All you ever wanted to know about the 20 biggest Spanish cities from Alicante… to Zaragoza:

Alicante, Almeria, Barcelona, Bilbao, Cadiz, Castellon, Girona, Ibiza, Las Palmas de Gran Canaria, Madrid, Málaga, Palma de Mallorca, Murcia, Santa Cruz Tenerife, Sevilla, Sitges, Valencia, Valladolid, Zaragoza

Alicante

• Our article on Alicante: Alicante: the Spanish pearl
• Check the monthly weather statistics for Alicante
• Check our Citytrip ePostcards on Alicante
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Alicante since 1995

Almeria

• Our article on Almeria: Almería, one of the Andalusian pearls
• Check the monthly weather statistics for Alméria
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Almeria since 1995

Prices in Almeria remain on average 25% lower than the national average and close the lowest reached since the crisis of 2008.

Barcelona

• Our article on Barcelona: Barcelona real estate market is rising in 2017
• Check the monthly weather statistics for Barcelona
• Check our Citytrip ePostcards on Barcelona
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Barcelona since 1995

Bilbao

• Our article on Bilbao: Bilbao, the new awakening of the city
• Check the monthly weather statistics for Bilbao
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

1. Best Professionals 2. Follow up 3. Competitive pricing 4. Partners 5. Qualitative Check

Cadiz

• Our article on Cadiz: The real estate market in Cadiz, 2017
• Check the monthly weather statistics for Cadiz
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Cadiz since 1995

Castellon

• Our article on Castellon: The Castellón real estate market resurrects but remains very attractive in 2017
• Check the monthly weather statistics for Castellon
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Castellon since 1995

Girona

• Our article on Girona: Girona, the door to the Pyrenees and the Costa Brava
• Check the monthly weather statistics for Girona
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Girona since 1995

Ibiza

• Our article on Ibiza: The Ibiza real estate market is going very well
• Check the monthly weather statistics for Ibiza
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for the Balearic Islands since 1995

Las Palmas de Gran Canaria

• Our article on Las Palmas de Gran Canaria: Gran Canaria, the tropical gem of Spain
• Check the monthly weather statistics for Las Palmas de Gran Canaria
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for the Gran Canaria since 1995

Madrid

• Our articles on Madrid: Real estate foreign investors are discovering Madrid, Madrid on the top 3 list of European Cities to invest in
• Check the monthly weather statistics for Madrid
• Check our Citytrip ePostcards on Madrid
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Madrid since 1995

Málaga

• Our articles on Málaga: Malaga : an emerging city to buy second homes, Malaga is always a place for your dream house
• Check the monthly weather statistics for Málaga
• Check our Citytrip ePostcards on Málaga
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Málaga since 1995

Palma de Mallorca

• Our article on Palma de Mallorca: Mallorca, a paradise in the middle of the Mediterranean
• Check the monthly weather statistics for Mallorca
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

• Check the real estate price evolution for the Balearic Islands since 1995

Murcia

• Our article on Murcia: Murcia, a good city to make a property investment
• Check the monthly weather statistics for Murcia
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Murcia since 1995

Santa Cruz Tenerife

• Our article on Tenerife: Have a look at the property market in Tenerife
• Check the monthly weather statistics for Tenerife
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Tenerife since 1995

Sevilla

• Our article on Sevilla: Discover the charm of the south and invest in Seville
• Check the monthly weather statistics for Sevilla
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Sevilla since 1995

Sitges

• Our article on Sitges: Sitges, a commitment to tranquillity near Barcelona
• Check the monthly weather statistics for Sitges (Barcelona)
• Check our Citytrip ePostcards on Barcelona
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Barcelona since 1995

Valencia

• Have a look at our feedback from our real estate city trip to Valencia, April 2018.
• Our article on Valencia: Valencia, the third biggest city in Spain, is a centre of interest for foreigners
• Check the monthly weather statistics for Valencia
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Valencia since 1995

Valladolid

• Our article on Valladolid: Valladolid is getting more open to outside investors
• Check the monthly weather statistics for Valladolid
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Valladolid since 1995

Zaragoza

• Our article on Zaragoza: Zaragoza Real estate market in 2017
• Check the monthly weather statistics for Zaragoza
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Zaragoza since 1995

Find all our detailed articles and maps on the Spanish Costas:

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Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

Source: Ministerio de Fomento

The post Everything you ever wanted to know about the top 20 Spanish Cities real estate markets appeared first on How to buy in Spain.